Research Summary
AI-generated summary of this SEC filing
BETA CEO Clark Kyle Sells 45,000 Shares
What Happened
Clark Kyle (President, Chief Executive Officer and Director) sold a total of 45,000 BETA Technologies (BETA) shares in two dispositions: 15,000 shares on 2026-08-12 at a weighted average price of $23.47 for proceeds of $352,001, and 30,000 shares on 2026-08-13 at a weighted average price of $25.42 for proceeds of $762,525 — total proceeds ≈ $1,114,526. The transactions are reported as sales (S), not purchases.
Key Details
- Transaction dates and prices:
- 2026-08-12: 15,000 shares, weighted avg $23.47 (prices in range $23.00–$23.94). (Footnote F2)
- 2026-08-13: 30,000 shares, weighted avg $25.42 (prices in range $23.55–$26.36). (Footnote F4)
- Total shares sold: 45,000; total proceeds ≈ $1,114,526.
- Shares owned after transaction: Not specified in the provided filing.
- Notable footnotes:
- F1: Sale effected pursuant to a previously established 10b5-1 plan by The Godric's Hollow Trust (an entity affiliated with Mr. Kyle).
- F2/F4: Reported prices are weighted averages; the filing offers to provide per-trade breakdown on request.
- F3: Reporting person disclaims beneficial ownership except to extent of pecuniary interest.
- Filing timeliness: Form 4 filed 2026-08-14 for transactions on 2026-08-12 and 2026-08-13 — appears to be within the standard two-business-day reporting window.
Context
These were sales (often routine) and at least partly handled under a pre-established 10b5-1 plan via an affiliated trust, which typically indicates trades were scheduled in advance rather than immediate directional bets. The filing is factual and does not explain motivations; proceeds were about $1.11M.